NYCHA could still face federal takeover,
Ben Carson says

The authority has to submit a new plan by Jan. 31

TRD New York /
Dec.December 19, 2018 11:35 AM

Queensbridge Houses at 10-06 41st Avenue in Queens and Ben Carson (Credit: Wikipedia and Getty Images)

A federal takeover of the New York City Housing Authority is still on the table.

Ben Carson, head of the Department of Housing and Urban Development, commented on the possibility of putting NYCHA into federal receivership during a tour at the Queensbridge Houses, the New York Daily News reported. Mayor Bill de Blasio has said it’s not an option he favors.

“There’s a host of things that are going to be required that I think are reasonable, and that can be accomplished,” Carson told the newspaper. “If it can be accomplished without a receivership, great. If it requires some type of receivership, it requires some type of receivership.”

Carson sent NYCHA a letter requiring that a plan to fix the authority — including milestones and metrics — be submitted by Jan. 31. His visit came after a federal judge rejected an agreement among the city, NYCHA, HUD and the Manhattan U.S. attorney to bring in a federal monitor.

Earlier this month, NYCHA said it plans to sell air rights and open some land to private development in order to raise money for repairs. The authority aims to raise $3 billion — as part of de Blasio’s $24 billion plan to help NYCHA upgrade its 170,000 apartments. [NYDN] — Meenal Vamburkar


Related Articles

arrow_forward_ios
(iStock)

Manhattan co-op sales prices saw 11% drop in Q2

Manhattan co-op sales prices saw 11% drop in Q2
(iStock)

Manhattan vacancy hits new peak; Brooklyn stable

Manhattan vacancy hits new peak; Brooklyn stable
200 Water Street and 31 Prospect Park West (Google Maps)

Brooklyn’s luxury deal totals rise for 3rd straight week

Brooklyn’s luxury deal totals rise for 3rd straight week
Metro areas with less affordable housing drive high-income buyers to eye homes in lower-income neighborhoods at disproportionate rates (iStock)

TRD Insights: Gentrification happening fastest in least affordable cities

TRD Insights: Gentrification happening fastest in least affordable cities
Gov. Andrew Cuomo has given the go-ahead to reopen schools for in-person learning statewide (Getty; iStock)

School’s back on. Will the NYC resi market follow suit?

School’s back on. Will the NYC resi market follow suit?
New York’s real estate market is becoming two different stories: Manhattan, where deals are falling — and the suburbs, where demand is spiking. (iStock, Unsplash)

Manhattan is cold, the suburbs and Brooklyn are hot: Here’s what the resi market looked like in July

Manhattan is cold, the suburbs and Brooklyn are hot: Here’s what the resi market looked like in July
Home sale price declines are expected for July, after a recent bump, according to a CoreLogic report. (iStock)

Home sale prices got a bump, but a drop is coming: Report

Home sale prices got a bump, but a drop is coming: Report
(Images courtesy of Victor Group)

The Getty condo chops prices up to 53%

The Getty condo chops prices up to 53%
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...